Change of CEO at Rautaruukki

Rautaruukki Corporation Stock exchange release 27 August 2014 at 3pm EEST

Change of CEO at Rautaruukki

Rautaruukki's new Board of Directors has appointed Olavi Huhtala, EVP and Head
of SSAB Europe, as Rautaruukki's new chief executive officer with effect from 1
September 2014. He will serve as CEO in addition to his own position. Sakari
Tamminen, the company's current chief executive officer and chairman of the
Corporate Executive Board, will continue to serve the company until the end of
the year in matters involving the combination of Ruukki and SSAB, and will
exercise his right to retire at the beginning of 2015. Rautaruukki became a
subsidiary of SSAB on 29 July 2014.

During the transition period, Tamminen will assist, among other things, in the
divestment of assets as required by the regulatory competition approval granted
by the European Commission for the combination of SSAB and Ruukki, and in
customer relationship management.

Sakari Tamminen has served as Rautaruukki's President & CEO since joining the
company in 2003. He previously served as Executive VP and CFO, and deputy to the
president and CEO at Metso Corporation (1999-2003) and as Executive VP and CFO,
and deputy to the president and CEO at Rauma Corporation (1991-1999).

During Tamminen's term of office, Ruukki has internationalised and focused
strongly on special steels, which now account for more than one third of Ruukki
Metals' net sales. Ruukki has also evolved into a steel construction actor in
the Nordic countries, Eastern Europe and Russia. Recent years have also seen the
addition of new energy-efficient innovations to the company's product portfolio.

During his tenure as CEO, Tamminen also has served in key positions of influence
in Finnish business including being a member and chairman of the board of the
Confederation of Finnish Industries EK and a board member of the Federation of
Finnish Technology Industries. His numerous elected positions internationally
included posts on the boards of the World Steel Association and Eurofer.

"On behalf of myself and Rautaruukki's entire Board of Directors, I would like
to thank Sakari sincerely for making Ruukki a well-known and acclaimed actor in
the steel construction and special steels sectors. He has done an excellent job
in a challenging international business environment. The company underwent major
restructuring during the early part of the 2000s and proceeds from divestments
were invested in developing the special steels business. In addition to this,
the company was able to pay over EUR 1.3 billion in dividends to its
shareholders over the past ten years," sums up Kim Gran, who served as chairman
of the company's Board of Directors.

Rautaruukki Corporation

Taina Kyllönen
SVP, Marketing and Communications

Rautaruukki is now part of SSAB (publ) ("SSAB"), a steel company with global
reach which has its main production plants in Sweden, Finland and the United
States. The company's steel business is structured around four divisions - SSAB
Special Steels, SSAB Europe, SSAB Americas and the steel distribution partner
Tibnor, and one division, Ruukki Construction, which focuses on the construction
business. Rautaruukki's share is quoted on NASDAQ OMX Helsinki. SSAB's shares
are quoted on NASDAQ OMX Nordic Stockholm and NASDAQ OMX Helsinki. www.ssab.com.
www.ruukki.com.

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com


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